Page 64 - AAE PR REPORT - OCTOBER 2025

10/20/25, 10:45 AM Al Ansari Financial Services partners with Dubai Finance in support of Dubai Cashless Strategy 2026 – UAE & Middle East News
Al Ansari’s innovations and enhanced digital offering services, to incorporate unbanked and
underbanked communities into the digital economy. The collaboration also aims to contribute to

improving payment infrastructure and foster innovation through shared expertise, with DOF leading
policy alignment and governance to ensure a supportive regulatory framework for a cashless society.

Ahmed Meftah, Executive Director of Central Accounts Sector at DOF, said: “This collaboration
with Al Ansari Financial Services marks a key milestone for our Dubai Cashless Strategy. As a leading

non-banking financial services provider to join this initiative, Al Ansari Financial Services brings valuable

expertise and innovation that align with our vision for inclusive, future-ready digital finance services in
Dubai. We believe this to be the beginning of a larger action plan to promote innovation in finance and

create a sustainable digital economy, which could lead to the growth of fintech as well as the overall
GDP of Dubai.”

Amna Mohammed Lootah, Director of the Digital Payment Systems Regulatory Division at DOF,
added: “Signing the MoU with Al Ansari Financial Services represents an important step towards

implementing the Dubai Cashless Strategy. We at DOF are committed to building strategic partnerships
with financial sector leaders, given their direct impact on accelerating the transition to an integrated

digital financial system. Al Ansari Financial Services is an effective partner with extensive experience
and advanced technical capabilities that contribute to enhancing the spread of digital payment

methods among segments of society, especially those with limited access to banking services, such as
labourers.”

Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, stated: “We are proud to partner
with DOF to advance Dubai cashless strategy. The collaboration comes as testament to our joint

commitment to promoting financial inclusion, enhancing payment innovation, and supporting the

nation’s vision of a cashless economy. More importantly, the move demonstrates the Emirate of
Dubai’s commitment to strengthening ties with the private sector to translate high-level strategy into

action and achieve a cashless society by 2026 through proactive public-private collaboration.”

This development exemplifies the Dubai Cashless Strategy’s broad appeal and inclusivity. With a

diverse clientele and new digital initiatives, including a digital wallet, Al Ansari Financial Services is well-
positioned to support the Emirate’s pursuit of a cashless economy.

This landmark partnership was signed during GITEX Global 2025, which is being held from October 13
to 17, 2025. The event, one of the world’s largest technology exhibitions, brings together Dubai’s

government entities and private-sector innovators. Through its participation at GITEX, Dubai exhibits its

https://uaeblogging.com/index.php/2025/10/16/al-ansari-financial-services-partners-with-dubai-finance-in-support-of-dubai-cashless-strategy-2026/ 2/3